You have until 12:30 PM to complete this assignment. Intro The local franchise of Jiffy Lube is thinking of buying a new lift for $70,000 that would make it easier to access the oil filter in customers' cars and save labor. The savings would increase over the project's 3-year life, in line with the projected growth of the business. The machine is to be linearly depreciated to zero and will have no resale value after 3 years. The appropriate cost of capital for this project is 14%. The company has a tax rate of 21%. Year 1 30,000 23,333 6,667 Year 2 33,000 23,333 9,667 Year 3 39,600 23,333 16,267 Cost savings Depreciation EBIT Taxes (21%) Net income Depreciation FCF - Attempt 1/1 Part 1 What is the free cash flow in year 1? 0+ decimals Save Attempt 1/1 Part 2 What is the free cash flow in year 2? 0+ decimals Save Attempt 1/1 Part 3 What is the free cash flow in year 3? 0+ decimals Save - Attempt 1/1 Part 4 What is the NPV of this project? 0+ decimals Save